"Larry Grantham, the newly appointed senior managing director for G4Capital in charge of the L.A. office, stated, 'We see a real gap now between where borrowers need capital and where traditional lenders are willing to go.' He noted that banks are still pulling back, creating a meaningful opening for private lenders who have capital and the willingness to walk through complexity with a borrower."
"To fill the void, G4Capital wants to expand its investor pool and capitalize on the need for apartments across major cities. Grantham mentioned that the firm is looking to institutional limited partners, pension funds, endowments, and growing registered investment advisers and family offices to draw more investors."
"G4Capital Partners has completed more than $5.8 billion across nearly 300 real estate deals since its founding in 2005. The firm has been active in the New York residential market, lending significant amounts for major construction projects, including $320 million for a condominium project in Manhattan."
G4Capital Partners has established its first office outside New York in Los Angeles to target California's residential lending market. The firm aims to fill a significant lending gap created by traditional banks pulling back. Senior managing director Larry Grantham emphasized the opportunity for private lenders to provide capital and support to borrowers. G4Capital plans to expand its investor base, focusing on institutional partners and family offices, while preparing for an anticipated increase in transaction volume. The firm has a strong track record, having completed over $5.8 billion in real estate deals since its founding in 2005.
Read at therealdeal.com
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